Natural Resource Partners' favorite early rock 'n' roll song: 'He's So Cline'

摘要

Natural Resource Partners recently acquired coal reserves and infrastructure assets related to the Shay No. 1 mine in Illinois, from Macoupin Energy, a Cline Group affiliate. The price was 143.7 million dollars. Upon closing, NRP paid 83.7 million dollars and will make three subsequent payments of 20 million dollars each in 2009 based upon performance measures associated with the development of a new mine. The purchase price will be substantially funded through the partnership's credit facility.